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Bamburi Cement 2019
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Ericsson
#1 Posted : Friday, August 23, 2019 9:44:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by moderator: Friday, August 23, 2019 10:21 AM | Reason: title case
mlennyma
#2 Posted : Friday, August 23, 2019 9:57:14 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making
"Don't let the fear of losing be greater than the excitement of winning."
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obiero
#3 Posted : Friday, August 23, 2019 10:17:28 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,321
Location: nairobi
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making

Refer to the link below na muwache kuwaste data http://wazua.co.ke/forum...9867&p=59#post880069
COOP, IMH, KEGN, KQ, MTNU
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FUNKY
#4 Posted : Friday, August 23, 2019 10:22:36 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Any interim dividend declared?
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maka
#5 Posted : Friday, August 23, 2019 10:26:58 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
FUNKY wrote:
Any interim dividend declared?



Interim div with those kind of results... Ngumu sana.
possunt quia posse videntur
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Ericsson
#6 Posted : Friday, August 23, 2019 12:07:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#7 Posted : Friday, August 23, 2019 1:06:04 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border


Looks like the new Finance Director (Grace) was cleaning the books.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index
#8 Posted : Friday, August 23, 2019 2:44:37 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border

The operating margin fell through the roof! Only the depreciation charge and energy/logistics costs are surcharged on it...this doesn't imply a swift recovery.
The main purpose of the stock market is to make fools of as many people as possible.
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xxxxx
#9 Posted : Friday, August 23, 2019 2:49:45 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
Angelica _ann wrote:
Ericsson wrote:
mlennyma wrote:
Ericsson wrote:
Half Year Results;
Bamburi Cement declares another SHOCK decline in profit:

PBT collapsed 97% to Sh23m in HY19 from Sh722m in HY18.

Turnover was flat at Sh18.67b (a 0.56% increase)

Cash at the end of the period stood at Sh1.3b from Sh2.9b (-55%)


another ARM and E A Portland in the making


1. Higher depreciation charge from new capacity commissioned amidst flat revenue

2. Impairment of assets associated with Rwanda

3. Higher finance costs to finance capacity expansion in Uganda

4. High energy & logistics costs

5. No SGR sales

6. Closure of Uganda-Rwanda border


Looks like the new Finance Director (Grace) was cleaning the books.


I doubt it's a clean up. Looking at the challenges noted, and checking the annual report its clear the business is facing structural problems which need addressing but which may not be so easy to solve. That's why gross margins are tending towards Zero
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  | | Edit by user: Friday, August 23, 2019 4:29 PM | Reason: Not specified
Balaa
#10 Posted : Friday, August 23, 2019 4:26:44 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
FUNKY wrote:
Any interim dividend declared?


"The Boardof directors does not recommend payment of an interim dividend (KES 1.00/= per ordinary share paid in 2018)".

https://www.nse.co.ke/li...ssuer-announcements.html
If it don't make dollars, it don't make sense
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